Here's the settings I use in Forza Motorsport 4, and I enjoy the wheel at this level. By lowering the amount of deadzone, it feels more twitchy and instantaneous so now it feels spot-on accurate, feeling every nuanced movement I make. I haven't had the wheel long so I'm still tweaking them. If anyone has settings they feel are better for this wheel, please let me know!:
steering axis deadzone inside: 0
steering axis deadzone outside: 40
acceleration axis deadzone inside: 0
acceleration axis deadzone outside: 40
deceleration axis deadzone inside: 0
deceleration axis deadzone outside: 40
clutch axis deadzone inside: 0
clutch axis deadzone outside: 40
handbrake axis deadzone inside: 0
handbrake axis deadzone outside: 40
vibration scale: 100
The default Turn10 settings (which I don't like):
steering axis deadzone inside: 1
steering axis deadzone outside: 95
acceleration axis deadzone inside: 15
acceleration axis deadzone outside: 100
deceleration axis deadzone inside: 15
deceleration axis deadzone outside: 95
clutch axis deadzone inside: 15
clutch axis deadzone outside: 90
handbrake axis deadzone inside: 0
handbrake axis deadzone outside: 100
vibration scale: 100
The negatives have been discussed in other reviews so I'll give my take on them. There are no bumper buttons (no LB and no RB). This is a major omission which doesn't affect gameplay in Forza Motorsport 4 (though it makes it harder to go through some menu settings) but it does affect how many games the controller can be used for. For example, this would be a perfect controller for a game like Ace Combat: Assault Horizon (an arcade flight game) but that game heavily uses the bumpers so the game developer would have to develop a game that didn't need bumpers in order to use this wheel.
The other negative is that there is no headset jack in the wireless wheel. This means if you want to talk to your friends while playing with the wheel, you either need a wireless headset or you need a Kinect.
And the force feedback needs to be boosted. It's pretty weak. You do feel the vibration but if you're used to the strong feedback of other game controllers, you'll complain about this wheel.
The last negative is the potential for the triggers not being recognized. There have been times in FM4 where I was pulling the trigger and it wasn't accelerating. So I'd have to let off the trigger and then pull again. I believe this is a wireless disconnect. Kind of like how your wireless headset sometimes loses connection briefly. Or maybe I have bad triggers on my wheel.
Otherwise, I've been loving the wheel! It makes driving a lot more immersive. You don't have to have a huge rig in your family room, living room, etc. No need to clamp a wheel to a table or desk. No wires. When you're done playing, you just stick the compact wheel into a drawer. If you hate having big bulky expensive peripherals, this is the controller for you. And it's at a great price so you can buy multiple wheels and race with friends.
Note that the wheel has acclerometers for all directions which means POTENTIALLY (and who knows if it will be fulfilled), this wheel can be used for flight sims.